Saturday, 18 July 2026 · Europe
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EUROPES The European Report
European Edition Saturday, 18 July 2026
LATEST

Economy & Money

European economy, markets, the euro, ECB, inflation and business.

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Andy Burnham urged to scrap income tax and NI in radical fiscal overhaul

Economists including Jim O’Neill write open letter calling for single levy to replace six key taxes to raise money for public serv…

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Experimental bathtub: the remote lake island trying wave power to boost energy security

Researchers on Beaver Island, in Lake Michigan, are trying to find a more reliable form of power using local resources Beaver Isla…

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MPs urge Labour to ditch £330m Palantir software contract with NHS

Cross-party group backs call from science and technology committee to look at alternative options, citing ‘serious mistrust’ A sec…

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Invest in Britain or I’ll force you to, minister tells pension funds

Business secretary Peter Kyle says asset managers should feel a patriotic duty to make the UK a success Business live – latest upd…

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Meeting of 10-11 June 2026

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Porn site company fined £630,000 over failed age checks

Ofcom has fined a slew of sites it says are failing to prevent children accessing their adult content.

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UK disability reforms delayed as welfare costs near £41bn

The UK government has been forced to delay key disability benefit cuts after a political rebellion, leaving a £41bn fiscal headach…

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Digital euro enters final round of EU negotiations

The European Parliament and EU governments are entering the final phase of negotiations on the digital euro. The most sensitive is…

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Jackdaw boss warns of winter fuel shortage risk if gas field not approved

Adura says the UK government must approve North Sea production urgently to avoid domestic supply shortages.

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How can I get air conditioning in my home and how much does it cost?

As summers in the UK get hotter, is it time for air conditioning to become a permanent feature in most homes?

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PlayStation says it will stop making physical games – and that should worry us all

Sony’s announcement spells the end of a whole ecosystem built by superfan collectors – and signals a troubling shift in the indust…

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Great Britain’s grid operator issues fresh warning over power supplies in heatwave

Neso asks for extra supplies from electricity generators to cope with added demand on Thursday night Great Britain’s energy system…

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Frump well and truly dumped: M&S to celebrate 100 years at London fashion week

Reputation for frumpiness is over as M&S wins over younger audience with shows at Silverstone, Ibiza and now LFW This autumn’s…

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Private millions transform ex-mining town into tourist hub

Investment banker Jonathan Ruffer’s Auckland Project is leveraging art and heritage to regenerate the former coal-mining town of B…

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House prices and rents: Where did they rise most in early 2026?

House prices and rents rose in almost all EU countries in early 2026. In some European countries, house price increases outpaced o…

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Life of Sizewell B extended by another 20 years

The power plant was due to reach the end of its life in 2035 but will now continue until 2055.

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‘I’m left with a year of nothing’: UK gap year students lose thousands of pounds as tour operator closes

GVI shuts down without refunds for students booked on volunteer programmes with overseas conservation projects UK students who pai…

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Early rate cuts risk repeating inflation errors, experts warn

As European institutions weigh the timing of policy easing, leading economists and a former euro-area central banker have warned t…

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UK rewilding firm Nattergal bets £13.8m on nature as an asset class

A British company backed by high-profile investors has bought 1,525 acres of arable land to abandon farming and sell biodiversity …

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Record San Francisco house prices expose scale of AI wealth concentration

San Francisco house prices have surged to a record $1.76m as AI employees cash in billions in stock options, highlighting a wealth…

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I run the UK's biggest bank, here are five ways to manage your money

The CEO of Lloyds Bank talks about how to save, budget, avoid scams and manage money in a relationship.

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Minor crash damage drives high EV insurance costs

A 6mph crash that results in a £4,000 repair bill highlights why electric vehicles remain up to 25% more expensive to insure than …

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UK sets £21 vet prescription cap to curb corporate dominance

The UK government has proposed capping pet medicine costs and introducing mandatory licensing for veterinary practices, marking a …

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UK ethics chief demands full public register for all lobbying

The UK government’s ethics watchdog has proposed a radical expansion of transparency laws that would force all lobbying to be publ…